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In India, there’s an insufficiency of accounting professionals with practical knowledge and expertise of international standards. Professional courses refer to education and training which match the industry’s needs. These courses focus on career development and skill-building. For any organization, the entry-level requirements may vary depending on the sector, but these courses are mandatory for many industries and professions. After the completion of any specialized professional course, job aspirants can easily find employment because of their wide acceptability in the organizations.
To acquire advanced skills, many people go for professional courses. These courses help you upgrade your skills and are often adjusted according to the industry’s requirement, which benefits both working professionals and new aspirants.
US CPA (Certified Public Accountant), US CMA (Certified Management Accountant) and IFRS (International Financial Reporting Standards) are the most valued and respected certifications for finance and accounting professionals
CPA (Certified Public Accountant) is a designation given by AICPA to the individuals who have passed the Uniform CPA exam, met the required and relevant experience. The CPA designation enforces high professional standards in the field of accounting.
International Financial Reporting Standards (IFRS) are accounting standards that are issued by the IFRS Foundation. The IFRS course offered by the Association of Chartered Certified Accountants (ACCA) is one of the most appreciated and respectable qualifications across the globe.
Career Scope for US CPA:
The US CPA degree paves countless opportunities to work for some of the most renowned companies around the world.
Becoming a CPA can lead to several career options:
Public Accounting: In public accounting firms, CPAs provide services encompassing accounting, auditing, tax, and consulting services for clients of any size. The auditing of financial statements of public and private companies is a highly coveted job.
Business, Government, and Not-for-Profits: In this broad field, CPAs can hold a variety of positions ranging from financial analysts and staff accountants to CFOs. They are responsible for recording, analyzing, and reporting financial information for organizations. Additionally, they perform budgeting and internal auditing functions.
Specialist: CPAs also provide services in specialized areas. CPAs assist organizations by conducting risk assessments as well as analyzing, implementing systems improvements and revisions, in managing their information technology, including the massive amounts of data collected.
Financial Advisor: CPAs also serve as financial advisors to individuals by making informed financial decisions on their behalf to help them manage their finances related to home purchases, college savings, starting a business, and retirement planning.
The CPA certification paves countless opportunities to work for some of the most renowned companies around the world.
Mentioned below are some of the best jobs in India for a CPA:
There are indeed many job opportunities in India for US CPA qualified professionals. Obviously, there are the big 4s like Deloitte, EY, etc where CPAs have an opportunity. Apart from the big 4s there are many more international companies like PwC India hiring CPAs even right now. According to Naukri.com there are around 26,426 job openings for a CPA in India as of now and this number keeps increasing, changing everyday.
Source: Naukri
CPA Salary in India:
The Certified Public Accountants are in demand across many industries. They can command high salaries because of their expertise in financing. Also, many companies retain the CPA's accounting talent by paying good salaries along with hikes and bonuses.
The average salary for a Certified Public Accountant (CPA) in India is ₹701,387.
Source: Payscale
So, Why late?
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